Daily Drive

Steel, aluminum tariffs take effect; Homayune Ghaussi

Spools of steel in the yard at an ArcelorMittal Dofasco facility during a shift change in Hamilton, Ontario, Canada, on Monday, Feb. 3, 2025. Prime Minister Justin Trudeau said that US President Donald Trump’s proposed tariffs would be paused for 30 days after Canada agreed to implement border-security measures and steps to stop fentanyl trafficking.
Spools of steel in the yard at an ArcelorMittal Dofasco facility during a shift change in Hamilton, Ontario, Canada, on Monday, Feb. 3, 2025. Prime Minister Justin Trudeau said that US President Donald Trump’s proposed tariffs would be paused for 30 days after Canada agreed to implement border-security measures and steps to stop fentanyl trafficking. Photographer: Cole Burston/Bloomberg (BLOOMBERG)
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March 12, 2025 05:28 PM

Steel and aluminum tariffs take effect but President Trump backs down on his threat to double them. Tesla’s registrations sink, a sign of possible brand damage. Plus, Homayune Ghaussi, partner at Warner Norcross + Judd and chair of the firm’s Supply Chain Industry Group, talks about the new metal duties and their likely impact on the auto industry.

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